Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-10
I'd EDITION.
Latest kilograms to The Star.


The Executive Committee Of the Rich
nlOnd Terminal Discussing the Grea,
RailrOad Deal To-day - What VIII
Probably Re Done.
NEW YORK, March 1O.-The executive committee
OF the Richmond Terminal company has lust gone
into session. They will consider two propositions
relating to the purchase OF the Baltimore Ohio
stock, under the option given by Robert Garrett,
10 Alfred Sully. One OF the directors 1,fst said
tnat the proposition most likely to be adopted
Is that syndicate shall take the stock In theil
interest and hold it until the Richmond Terminal
full board OF directors approve OF the action of the
executive committee. It viii then b
placed in q collateral trust, and the
Richmond Terminal will either consolidate the
Baltimore Ohio with their system or operate II
separately as proprietary road. The Baltimore 4
ONO track rom baltimore and washington te
Philadelphia will be used as trunk line for the
business OF its own western lines and the Othel
roads In the Richmond Terminal system.
PENNsYLvAN1A AND WESTERN UNION NOT m TIN
DEAL.
The Pennsylvania railroad has no interest In the
deal nor has the Western Union. It is simply Q
hlcnmond terminal arrangement and has no stni.
larlty to the sale OF Vanderbilt holdings OF New
york central 10 the London syndicate. The price
and mode OF payment are about the same Is has
already been published. The purchase OF the
minority stock is not being considered.
THE PUBLICITY GIVEN THE sCHRMR NAY PREVENT m
CONSERVATION.
The meeting OF the Richmond Terminal execu.
ave committee adjourned to meet at the call OF
action. The intimate that they are pledged
to secrecy, and Mr.. Brce is quoted as saving that
the premature publication OF the proposed plan
jortty OF the stock which Mr. Garrett agreed to de
liver. He also stated that he thought Mr. Garrett
only wanted to make a nominal sale for the pur.
system with Richmond Terminal. This. Mr.. Brice
says, he is willing, as director OF the Terminal
company, to accede to.
Alter the adjournment OF the committee several
OF the directors met and all circumstances so fan
to-day confirm the directors statement made be.
lore the meeting was called to order.
NOTHING TO BE LEARNHD IN BALTIMORE.
BALTIMORE, March 1O-Perfect quiet pervades
the Baltimore and Ohio railroad building to-day,
and but few persons have called Mr.. Garrett
stu says he has nothing TO say. There is rumol
Hopkins university has been sold, but no one In
authority will confirm or deny 1T.
READING WON'T BIZ IN THE DEAL
PHnADELPHIA. March 1O-One OF the receivers
OF Reading said to-day: 81 have no doubt Garrett
would like to dispose OF some OF his stock
be used to pull the chestnuts out OF the
hre In any such combination as has been reported
The president OF the B. o. has undertaken @
great task in his attempt to get to New York, and
has already loaded the company with good deal
OF debt. He can get to New York, but not upon
his own terms-wh1ch means to cut rates as be
chooses"
WHAT A CHICAGO NAN CLAIMS no KNOW.
CHICAGO, March 1O.-A gentleman who claims tl
have seen the original contract for the sale OF the
Baltimore and Ohio Railroad is authority for the
following statement: The plan for consolidation
OF the various railway interests grew out OF
the efforts or jay Gould to induce Robert Garrett
to pool the business OF the Baltimore Ohio Tele-
graph company with that OF the Western Union
Telegraph company. Mr.. Garrett absolutely re
fused 10 become party to such an arrangement
and declared that he would always keep his bust
ness interests under his own control; that the
telegraph and railroad interests Identical and
that they should continue to be SO as long
as he controlled them, but at the same time he In.
umated that he was inclined to free himself OF his
business cares by the absolute sale or controlling
interest In the Baltimore and Ohio railroad, which
would carry with It the control OF the telegraph
and the express company,
With this hint basis the negotlators re-
turned to New York and formed syndicate com.
posed as follows: Calvin s. Brtce, Alfred Sully,
Austin COrbin, John G. Moore, Gen. Samuel
Thomas, h. G. FahnestOck, Winslow Lanier & Co
and j. y. Pace. contract was then framed, In
which MI. Garrett agreed TO transfer to the sy nd
cate controlling interest In the Baltimore and Ohio
railroad with thirty days for $4,000, COO for
felture being deposited by Mi. Garrett. The con.
tract was shown to Mr.. Gould on Saturday. 1t il
understood that the telegraph business il to go t.
the Western Union company and the express Dusi
ness to the Adams Express company.